Security Market Growth, Demand and Challenges of the Key Industry Players  2024-2032
                     Global Security Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
IMARC Group is  a g lobal  management  consul t ing f i rm that  he lps the wor ld ’s  most  ambi t ious 
changemakers  to create a las t ing impact .  Across the s ix  major  cont inents  and 100+ count r ies ,  we 
work a longside our  bus iness par tners  as one team wi th  a common ambi t ion to achieve unparal le led 
resul ts ,  gain a compet i t ive edge,  and t ransform indust r ies .  IMARC Group excels  in  unders tanding 
i ts  c l ients ’  bus iness pr ior i t ies  and del iver ing ta i lored solut ions that  dr ive meaningfu l  outcomes.  Our 
c l ient  base spans over  3,000 organizat ions in  the pr ivate,  publ ic ,  and soc ia l  sectors ,  ranging f rom 
high-growth s tar tups to For tune 500 companies.
We prov ide a comprehensive sui te of  market  entry  and expansion serv ices.  Our of fer ings inc lude 
thorough market  assessment ,  feas ib i l i ty  s tudies,  company incorporat ion ass is tance,  fac tory  setup 
suppor t ,  regulatory  approvals and l icens ing navigat ion,  branding,  market ing and sales st rategies,  
compet i t ive landscape and benchmark ing analyses,  pr ic ing and cost  research,  and procurement  
research.  These serv ices are des igned to ass is t  companies in  evaluat ing market  oppor tuni t ies ,  
set t ing up new ent i t ies ,  navigat ing regulatory landscapes,  boost ing brand v is ib i l i ty ,  analyz ing 
compet i tors,  and opt imiz ing procurement  s t rategies.
A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " S e c u r i t y  M a r k e t :  G l o b a l  I n d u s t r y  
T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 4 - 2 0 3 2 , "  t h e  g l o b a l  s e c u r i t y  
m a r k e t  s i z e  r e a c h e d  U S $  1 3 8 . 0  B i l l i o n  i n  2 0 2 3 .
F a c t o r s  A f f e c t i n g  t h e  Gr o wt h  o f  th e  Se cu r i t y  In d u s t ry :
Report Ri s in g  C y b e rs e cu r i t y  T h re a t s :T h e  r i s i n g  p r o d u c t i o n  o f  d i g i t a l  d a t a ,  c o u p l e d  w i t h  t h e  i n c r e a s i n g  s o p h i s t i c a t i o n  o f  
c y b e r a t t a c k s ,  i s  i m p e l l i n g  t h e  g r o w t h  o f  t h e  m a r k e t .  A s  b u s i n e s s e s  a n d  g o v e r n m e n t s  d i g i t i z e  
Highlight and t h e i r  o p e r a t i o n s ,  t h e y  b e c o m e  m o r e  v u l n e r a b l e  t o  a  w i d e  r a n g e  o f  c y b e r  t h r e a t s ,  i n c l u d i n g  r a n s o m w a r e ,  p h i s h i n g ,  a n d  a d v a n c e d  p e r s i s t e n t  t h r e a t s  ( A P T s ) .  
T h e s e  v u l n e r a b i l i t i e s  n e c e s s i t a t e  a d v a n c e d  s e c u r i t y  s o l u t i o n s  t o  p r o t e c t  s e n s i t i v e  i n f o r m a t i o n  
Description a n d  e n s u r e  o p e r a t i o n a l  c o n t i n u i t y .  M o r e o v e r ,  t h e  f i n a n c i a l  a n d  r e p u t a t i o n a l  d a m a g e  c a u s e d  b y  s e c u r i t y  b r e a c h e s  c o m p e l s  o r g a n i z a t i o n s  t o  i n v e s t  h e a v i l y  i n  c y b e r s e c u r i t y  m e a s u r e s .  T h e  
e v o l v i n g  n a t u r e  o f  c y b e r  t h r e a t s  e n s u r e s  c o n t i n u o u s  d e m a n d  f o r  i n n o v a t i v e  s e c u r i t y  s o l u t i o n s .
Re g u l a t o r y  Co mp l i an ce  a n d  Da t a  Pr o te c t io n  L a ws :
T h e  g l o b a l  e m p h a s i s  o n  d a t a  p r o t e c t i o n  a n d  p r i v a c y ,  e x e m p l i f i e d  b y  r e g u l a t i o n s ,  i s  p r o p e l l i n g  
t h e  m a r k e t  g r o w t h .  T h e s e  r e g u l a t i o n s  m a n d a t e  s t r i c t  d a t a  s e c u r i t y  a n d  p r i v a c y  m e a s u r e s ,  
p e n a l i z i n g  n o n - c o m p l i a n c e  w i t h  h e f t y  f i n e s .  A s  a  r e s u l t ,  o r g a n i z a t i o n s  a r e  c o m p e l l e d  t o  a d o p t  
a d v a n c e d  s e c u r i t y  t e c h n o l o g i e s  a n d  p r a c t i c e s  t o  e n s u r e  c o m p l i a n c e .
Th is  r e gu la t o r y  env i r onm en t  no t  o n l y  f os t e r s  awa r ene ss  abou t  t he  im p o r t a nce  o f  
da t a  p r o t ec t i on  bu t  a l so  d r i ve s  i n ves t m en t  i n  s ecu r i t y  s o lu t i o ns  a c r oss  i ndu s t r i e s .  
M or eove r ,  gove r n ing  agen c ies  o f  va r i ou s  co un t r i es  a r e  f oc us ing  on  p r o t ec t i ng  
va r i ous  co n f i de n t i a l  a nd  se ns i t i v e  da t a  f r om  hac ke r s  b y  i nve s t i ng  i n  co m pr ehen s i ve  
secu r i t y  m eas u r es .
Report Technologica l  Advancements:
Rap id  a dvanc em e n t s  i n  t ech no log y  and  t he  p r o l i f e r a t i on  o f  i n t e r ne t  o f  t h ing s  ( I oT )  
Highlight and dev ic es  a r e  b r o aden i ng  t he  a t t ac k  su r f ace  f o r  cy be r  t h r ea t s ,  push i ng  t he  bo unda r ies  
o f  t r a d i t i on a l  se cu r i t y  m ea su r es .  I oT  dev i ces  o f t e n  l ack  bu i l t - in  s ecu r i t y ,  m a k ing  
t hem  vu lne r ab le  t o  a t t acks  t ha t  c an  com pr o m ise  n o t  on l y  t h e  dev i ce  bu t  a l so  t he  
Description ne t w or ks  t o  w h ich  t hey  a r e  c onne c t ed .  
Th i s  vu lne r a b i l i t y  nec ess i t a t es  t he  deve l opm en t  o f  soph i s t i ca t ed  secu r i t y  so lu t i ons  
cap ab le  o f  p r o t ec t in g  a  w ide  a r r a y  o f  dev i ce s  an d  p la t f o r m s .  Add i t i on a l l y ,  
adv an cem en t s  i n  t e chno log ies ,  such  as  a r t i f i c i a l  i n t e l l i gence  ( A I )  a nd  m ach ine  
l ea r n ing  ( M L ) ,  a r e  b e ing  l eve r aged  t o  e nhan ce  sec u r i t y  m e asu r es ,  o f f e r i ng  m o r e  
e f f e c t i ve  and  e f f i c i en t  ways  t o  d e t ec t  and  m i t i ga t e  t h r ea t s .
Reque st  f o r  a  PDF  sam pl e  o f  t h i s  re por t :  
h t t p s : / / www. im ar c g r ou p . com / sec u r i t y - m ar ke t / r eque s t sa m p le
Report Description
Global Security Market Trends:
As organizat ions move the i r  data and appl icat ions to  the c loud to  benef i t  f rom sca lab i l i ty ,  cost -
e f fect iveness,  and e f f ic iency,  the need for  robust  c loud secur i ty  so lu t ions is  in tens i fy ing .  Cloud 
envi ronments present  un ique chal lenges,  inc lud ing data pr ivacy,  access contro l ,  and ident i ty  thef t ,  
necessi ta t ing spec ia l ized secur i ty  measures.  
Th is  sh i f t  is  cata lyz ing the demand for  c loud secur i ty  serv ices,  such as ident i ty  and access 
management ,  encrypt ion,  and secur i ty  compl iance management.  Moreover ,  the shared responsib i l i ty  
model  in  c loud comput ing,  which d iv ides secur i ty  responsib i l i t ies between the c loud serv ice prov ider  
and the c l ient ,  emphasizes the need for  organizat ions to  invest  in  addi t iona l  secur i ty  layers  to  
protect  the i r  c loud assets .
View Report  TOC, F igures and Tables :  ht tps: / /www.imarcgroup.com/securi ty-market
Breakup by System:
• Access Control  Systems
• Alarms and Notifi cation Systems
• Intrusion Detect ion Systems
• Video Survei l lance Systems
• Barrier Systems
Report • Others
Segmentation
Breakup by Service:
• System Integrat ion and Consult ing
• Risk Assessment and Analysis
• Managed Services
• Maintenance and Support
Breakup by End User:
• Government
• Mil i tary and Defense
• Transportation
• Commercial
• Industria l
Report 
• Others
Segmentation
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• Ameristar Perimeter Security (Assa Abloy AB)
• ATG Access Ltd.
• Avon Barr ier Corporat ion Ltd.  (Perimeter 
Protect ion Group)
• Barrier1 Systems LLC
Competitive 
• CIAS Elettronica Srl
Landscape • Delta Scientifi c Corporat ion
• EL-Go Team
with Key 
• Frontier Pi tts Ltd.
Players • Honeywel l  International  Inc.
• Johnson Controls International  PLC
• Senstar Corporation (Senstar Technologies 
Ltd.)
• Teledyne FLIR LLC (Teledyne Technologies 
Incorporated)
What was the size of the global security market in 
2023?
What is the expected growth rate of the global security 
market during 2024-2032?
What has been the impact of COVID-19 on the global 
security market?
Key 
What are the key factors driving the global security 
Questions market?
Answered in What is the breakup of the global security market based on the system?
the Report What is the breakup of the global security market based 
on the service?
What is the breakup of the global security market based 
on the end user?
What are the key regions in the global security market?
Who are the key players/companies in the global 
security market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  S e c u r i t y  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  S y s t e m
    6 . 1     A c c e s s  C o n t r o l  S y s t e m s
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     A l a r m s  a n d  N o t i f i c a t i o n  S y s t e m s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     I n t r u s i o n  D e t e c t i o n  S y s t e m s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
    6 . 4     V i d e o  S u r v e i l l a n c e  S y s t e m s
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
    6 . 5     B a r r i e r  S y s t e m s
        6 . 5 . 1  M a r k e t  T r e n d s
        6 . 5 . 2  M a r k e t  F o r e c a s t
    6 . 6     O t h e r s
        6 . 6 . 1  M a r k e t  T r e n d s
        6 . 6 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  S e r v i c e
Table of     7 . 1     S y s t e m  I n t e g r a t i o n  a n d  C o n s u l t i n g        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     R i s k  A s s e s s m e n t  a n d  A n a l y s i s
Contents         7 . 2 . 1  M a r k e t  T r e n d s        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     M a n a g e d  S e r v i c e s
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
    7 . 4     M a i n t e n a n c e  a n d  S u p p o r t
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  E n d  U s e r
    8 . 1     G o v e r n m e n t
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     M i l i t a r y  a n d  D e f e n s e
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / s e cu r i t y - m a r ke t / t o c
Partial List of Clients
Partial List of Clients
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